Daily Newsletter: Rates Continue Disturbingly Higher; Housing Cycles Require Early Intervention; Closer Look at Servicer Complaints; Important Week Ahead

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30 Year Fixed 3.89%   +0.05 15 Year Fixed 3.18%   +0.02 10YR Treasury 2.14%   +0.0358 FNMA 30YR 3.5 104.34   -0.16 FNMA 15YR 2.5 104.36   -0.08 View Today's Rates

Monday May 4, 2015 Mortgage Rate Watch - 4:18PM Mortgage Rates Continue Disturbingly Higher Mortgage rates continued higher today, extending a troubling move up to the highest levels since early March. Normally, movement in domestic interest rates is driven by economic data ... MND NewsWire - 3:45PM Earlier Intervention Policy is Best for Housing Boom/Bust Cycles After looking at housing booms and busts in 20 countries, three economists have concluded that the likelihood of a boom ended in a housing market cycle depends on its age - that is ... MND NewsWire - 2:34PM Servicer Complaints Ebbing with Delinquencies Black Knight's Mortgage Monitor report for May took a close look at complaint trends lodged with the Consumer Financial Protection Agency (CFPB). Along with the Five Star Institute ... MBS Commentary - 7:34AM MBS Week Ahead: Important Week for Fed Comments, Econ Data, and Trend Watching After rising to the highest side of the long term trend last week, yields have a chance to explode higher, or re-commit to the range this week. "Exploding higher" could be problematic ... MBS MID-DAY: Widespread Negative Reprices After Heavy Pressure from European Bonds Outsourcing QC; Fannie/Freddie News; Preventing Fraud; MI Earnings Latest Video Bonds are very overvalued: Buffett Yellen's hands tied: Buffett Home values rising More News from 'Around the Web' WSJ - 4:53PM Fed's Williams 'Very Optimistic' on Economy's Outlook Washington Post - 4:47PM America's poorest renters are finally catching a break Bloomberg - 4:46PM U.S. to Sell Debt This Quarter to Boost Cash Balance Calculated Risk Blog - 2:35PM Fed Survey: Banks ease Standards for Residential Mortgages, CRE Loans www.builderonline.com - 12:52PM Wells Fargo CEO: Housing Won't "Boom" This Year Bloomberg - 12:51PM Buffett Says He'd Short 30-Year Bond If He Had Easy Way to Do It CNBC - 12:48PM LIVE: HUD Secretary Castro at eMerge CNBC - 12:48PM Housing values: The great divide Reuters - 10:54AM U.S. factory orders post largest gain in eight months www.cfpbmonitor.com - 10:52AM FDIC to host teleconference on complying with the CFPB mortgage rules Calculated Risk Blog - 8:57AM Black Knight March Mortgage Monitor: "Negative Equity Population Shrinks to Just Over 4 Million" Reuters - 8:55AM Bull market 'supercycle' for stocks, bonds is ending: Bill Gross www.gallup.com - 8:54AM Consumer Spending in U.S. Continues Rising in April to $91 Bloomberg - 1:25AM Treasury's Bid to Avoid Debt-Sale Surprises Made Trickier by Fed CNBC - 1:12AM Housing getting better: Wells CEO WSJ - 1:10AM Houston Housing Market Holds Up CNBC - 1:10AM Buffett hits back at Clayton Homes lending gripes Calculated Risk Blog - 1:10AM Lawler on Housing Vacancy Survey: More "Stunning" Results, But Tough to Interpret Market Watch - 12:30AM Capitol Report: Treasury document helps Fannie, Freddie suits: analyst Today's Rates Best Execution Rate Change 30 Yr FRM 3.89% +0.05 15 Yr FRM 3.18% +0.02 FHA 30 Year Fixed 3.75% +0.25 Jumbo 30 Year Fixed 3.81% +0.04 5/1 Yr ARM 3.01% +0.05 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 3.47% 1.11 +0.02 30 Yr. Fixed 4.33% 1.33 -0.01 MBA ** 30 Yr. Fixed 3.87% 0.38 +0.01 15 Yr. Fixed 3.16% 0.29 +0.01 30 Yr. Jumbo 3.84% 0.35 +0.03 30 Yr. FHA 3.67% 0.23 -0.02 5/1 ARM 2.82% 0.40 +0.06 Freddie Mac ** 30 Yr. Fixed 3.68% 0.60 +0.03 15 Yr. Fixed 2.94% 0.60 +0.02 1 Yr. ARM 2.49% 0.40 +0.05 5/1 Yr. ARM 2.85% 0.50 +0.01 Current Mortgage Rates » * FHFA averages are updated monthly. ** Mortgage Bankers Association (each Wednesday) and Freddie Mac (each Thursday) averages are updated weekly. Secondary Markets MBS Price Change 30YR FNMA 3.0 101.20 -0.22 30YR FNMA 3.5 104.34 -0.16 30YR GNMA 3.0 102.14 -0.30 30YR GNMA 3.5 104.88 -0.23 15YR FNMA 3.0 104.36 -0.08 15YR FNMA 2.5 102.20 -0.11 Treasuries Yield Change 2 YR 0.6030% +0.0041 5 YR 1.5056% +0.0083 10 YR 2.1440% +0.0358 30 YR 2.8765% +0.0541 Prices as of: 5/4/2015 4:31PM EST Current MBS / Treasury Prices » MBS and Treasury data provided by Thomson Reuters. Mortgage News Daily and MBS Live! are exclusive re-distributors of Real Time Thomson Reuters Mortgage Information. Secondary Marketing Managers: If you are interested in gaining access to the most accurate real-time back-month TBA indications from Thomson Reuters and Tradeweb. Request More Information

This information is not an advertisement to extend consumer credit as defined by Section 226.2 of Regulation Z. This is not an offer to enter into an agreement regarding interest rates. The rates quoted do not include discount points, origination points, or loan level risk based price adjustments. Rates and terms are subject to change without notice. © 2015 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

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